Question: On February 1 , Year 1 , a computer software firm agrees to program a software package for $ 1 0 0 , 0 0

On February 1, Year 1, a computer software firm agrees to program a software package for $100,000, with the payment made on March 1, Year1. The software is accepted by the client June1, Year2. How much Year1 revenue should be recognized?
A.$0
B.$100,000
C.$75,000
D.$50,000

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